Niche Social Networking Sites Are Broadly Focused and Are Designed

question 41

True/False

Niche social networking sites are broadly focused and are designed to appeal to all demographics, regardless of gender, age, race, income or education.

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Definitions:

Barriers To Entry

Elements that obstruct or discourage new entrants from smoothly accessing a market or business sector.

Monopolistic Competition

A market structure featuring many companies selling similar but not identical products, allowing for some degree of market power and product differentiation.

Pure Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to perfect competition.

Pure Monopoly

A market structure where a single company or entity is the sole provider of a particular product or service, without any close substitutes.